Retail TouchPoints

JANUARY 30, 2023

There was a time, about five or so years ago, when voice commerce was going to be the next big thing. But one too many frustrating interactions with Siri and news items about smart speakers spying on users were enough to dampen the fervor. Companies also are getting smarter about how they use the voice platform.

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Retail TouchPoints

OCTOBER 21, 2021

Back in 2019, Google was on a mission to get sellers on its Google Shopping “surface,” and it looked like the company had ambitions of making a big marketplace play. Google is in a truly unique position to do this, having already cornered the market on “organizing the world’s information and making it helpful,” as Madrigal describes it.

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Inside Retail

MAY 14, 2024

The shift dates back to 2020/21 when Pandora overhauled its business strategy to focus on crafting high-quality jewellery for the mass market and becoming the most desirable brand in the accessible luxury jewellery market, globally. “If Ethical diamonds A big factor for Pandora is the sustainability of lab-grown diamonds. “If

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Retail TouchPoints

SEPTEMBER 27, 2023

leaving 15 stores in this market. in 2021 and in line with shrink rates seen in 2020 and 2019. Theft, both internal and external, accounts for 65% of shrink, although it can reach as high as 70% in certain verticals. When calculated as a percentage of total retail sales, shrink represented $112.1 billion in losses, up from $93.9

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Inside Retail

APRIL 8, 2021

There is cause for optimism about renewed growth in retail sales, with the three months to December 2020 posting solid increases over the same period in 2019 and similar gains in January and February of this year. One retail group that remains bullish about future prospects is Premier Retail, which posted a 7.2 per cent to $142.4

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Indigo 9 Digital

MAY 6, 2022

trillion in sales, China has the largest eCommerce market in the world, by a large margin. If you are curious about the eCommerce market in China then consider these 11 facts about its size, competition and trends. The Chinese eCommerce market is dominated by several eCommerce giants, the largest of which is Alibaba.

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Inside Retail

MARCH 14, 2024

Today, Revo Sunglasses is led by chief executive officer Cliff Robinson, a third-generation member of the heritage optometry company, who is proud to be a part of the brand’s independent revival in the market. Robinson explained that the company set about to revive its image with a multi-tiered approach. per cent from 2021 to 2027.

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Retail TouchPoints

NOVEMBER 6, 2020

With brand marketers charged with growing market share and attracting new consumers throughout the never-ending cycle of seasonal marketing, the search for a competitive advantage over others in the category has never been more intense. Visibility is Requisite but not Guaranteed. That’s just bad business.

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Inside Retail

MARCH 12, 2023

“We’ve had good organic growth over the past few years, but now it’s all about profitability. According to Bharara, Foodpanda now has about a million paid subscribers, and the offering has been well-received by customers, with the frequency of orders going up. The Apac market In February, Measurable.ai

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Inside Retail

FEBRUARY 28, 2024

On the company’s conference calls with investors, McMillon talks animatedly about things like the prices of eggs and asparagus. It stays out of trouble by not taking sides on issues that don’t concern its business directly, and by not falling for trendy marketing ideas that will alienate its core customer base.

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Retail TouchPoints

MARCH 14, 2022

The letter states that Amazon engaged in a “pattern and practice” of misleading conduct reportedly designed to “influence, obstruct or impede” the committee’s 16-month investigation into competition in digital markets. Amazon and its executives must be held accountable for this behavior.

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Inside Retail

JULY 27, 2023

McConnell told Inside Retail that the “tone at the top” matters more than people think, and that, in his experience, boards do a bad job of holding themselves accountable. During these years, the business struggled to gain traction in the rapidly changing e-commerce market.

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Inside Retail

NOVEMBER 19, 2023

The world’s biggest luxury brands seeking growth in their second-largest market China are all courting the likes of wealthy entrepreneur Diana Wang. ” The lack of a strong rebound in luxury demand following China’s post-pandemic re-opening has spooked investors, adding to jitters about the industry’s prospects. .

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Retail TouchPoints

MAY 19, 2022

The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019. Frisk’s remit when he joined was to reengineer Under Armour’s structure, systems and go-to-market process. Browne has held the role of COO since 2020.

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Inside Retail

JANUARY 21, 2024

In conversation with reporter Lauren Thomas of The Wall Street Journal, Daunt discussed the realities of keeping up the bookstore chain’s legacy in a rapidly shifting market. In August 2019, Daunt was appointed as Barnes & Noble’s CEO, presumably to “save” the retailer in a similar manner. per cent from pre-pandemic sales of 2019.

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Inside Retail

APRIL 14, 2024

So, it came as a surprise to some when the LVMH-owned retailer announced on its Korean social media accounts that it would be gradually terminating all its operations in South Korea, including its app, online store, and physical stores, beginning May 6. billion in 2022, making the country one of the top 10 beauty markets in the world.

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Retail TouchPoints

APRIL 28, 2023

It’s about being part of a conversation in a really authentic way,” Zihaad said in an interview with Retail TouchPoints. That means fostering a community of brand fans and creators who are passionate about the brand and want to contribute to its already strong legacy. We could just give products away and people would wear them.”

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Inside Retail

JANUARY 4, 2024

Often, retail company executives will express confidence in a particular market that is not borne out by subsequent events. Just ask Carrefour, which now has only a few dozen stores left open in China and has recently completely exited the market in some of the country’s largest cities, including Beijing. Globally, of the $160.8

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Inside Retail

APRIL 7, 2022

The Sydney Morning Herald said FairPrice accounts for about 60 per cent of the market share in Singapore, while Coles currently holds 28 per cent in its home market. The post Coles starts selling own-brand lines in Singapore grocery chain appeared first on Inside Retail.

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Retail Focus

JANUARY 24, 2023

When analysing market conditions, however, other factors need to be taken into consideration, including the geo-political climate and weather conditions. in December, with consumers stocking up for the holiday season and people spending less out and about. Non-food retail was significantly down in 2022 when compared with 2019 figures.

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Retail TouchPoints

AUGUST 9, 2022

I’m excited about my new, expanded role and the opportunity to drive continued growth and profitability for the company.”. In fact, a 2019 study from the Journal of Management Accounting Research found that combining the two roles had no adverse effects on the businesses it studied and can lead to operational and fiscal efficiencies.

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Retail TouchPoints

JUNE 15, 2023

In 2019 she moved to Twitter and become the Global Head of Research in 2020, which she described as one of “the most tumultuous times in our history.” Here are some of the tips she gave about how to successfully innovate at any organization.

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Inside Retail

NOVEMBER 23, 2023

The retailer, famous for its dog and gramophone trademark, left the site in 2019 when Canadian music entrepreneur Doug Putman struck a deal to save the bankrupt firm, shutting 27 prime locations and keeping 100 stores open. “It’s about us offering a lot more than just, say, a CD or a DVD or a piece of vinyl.

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Retail TouchPoints

MARCH 1, 2024

And because we’re retargeting users based on the traffic we acquired, we know something about those users’ sources and motivations.” It can be specific about a particular product, but we also send other types of notifications,” explained Natori. We also get end-to-end accountability in the supply chain.”

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Inside Retail

MARCH 21, 2024

By 2021, luxury sales had fully recovered, rising 32 per cent to surpass 2019 numbers. The year 2022 was the second consecutive one of double-digit sales growth after the pandemic, with sales up 20 per cent, supporting 24 per cent growth in the 2019-22 period. What a difference a year makes. million millionaires).

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Inside Retail

NOVEMBER 22, 2022

In 2019, it brought in 233.5 billion yen, or about $2.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. That is all about to change, as Japan finally relented and opened its borders, no longer limiting visitors to those coming in on package tours.

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Retail TouchPoints

AUGUST 23, 2021

Here are some of the key lessons they learned along the way: Despite the size of the market, entering China doesn’t have to be a complicated or expensive endeavor thanks to the supremacy of digital retail; Shopping festivals like 6.18 brands can enter the Chinese market and take part in the world’s largest shopping event, 11.11.

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Inside Retail

APRIL 6, 2022

‘Iconic’ is quite possibly the most overused and devalued word in business marketing, the go-to term for marketers in their media releases to spruik anything they happen to be pushing at the moment. trillion in 2019, a decline of more than 22 per cent. Before the Covid horror show, in 2019, Takashimaya’s sales were YEN848.5

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Inside Retail

SEPTEMBER 12, 2022

First though, it is focused on getting its operational and financial metrics back to pre-pandemic levels, which has proven to be easier said than done, as multiple waves of Covid-19 and robust official countermeasures have repeatedly rocked its two biggest markets: China and Japan. billion yen (about $30.8 So, what’s the problem?

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Retail TouchPoints

MARCH 17, 2023

So we built an industry for mass — mass production, mass distribution, mass marketing. Growing diversity is a major part of this change: Lobaugh noted that 75% of Baby Boomers were white, and this generation’s level of homogeneity increases when the concentration of wealth is taken into account. We’re not built to do that.’

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Inside Retail

FEBRUARY 20, 2023

per cent in September 2022 only slightly above 2019 levels and well down from the 2020 high of about 24 per cent, suggesting that the amount of dry powder in consumers wallets is declining. The impact of higher interest rates on the housing market is apparent. Domestically, the household savings rate was 6.9 per cent in 2022.

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Retail TouchPoints

NOVEMBER 29, 2021

The latest data from the Adobe Digital Economy Index revealed that out-of-stock messages rose a whopping 325% in October 2021 compared to the same month in pre-pandemic times (way back in 2019), and in the last month alone consumers have been hit with more than 2 billion out-of-stock messages online.

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Inside Retail

OCTOBER 4, 2022

However, the 2022 performance was much “cleaner”, with sales over the pre-Covid 2019 financial year 17.8 per cent increase in online sales which now account for 22 per cent of the retailer’s total sales. It is understood Lew himself has had talks about David Jones. Merger speculation remains. Improved performance.

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Retail TouchPoints

APRIL 27, 2022

In 2019, online grocery accounted for 6.3% Alongside the infrastructure dilemma, when speaking to grocers about their online operation, it becomes clear just how challenging optimizing and unlocking value during the ecommerce end-to-end process can be. in 2019, while millennials and Gen Z visit six on average monthly.

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Retail TouchPoints

JANUARY 20, 2023

Even more impressive, eMarketer expects it to nearly double, from $31 billion in 2021 to more than $61 billion by the end of 2024, when it will account for almost 20% of digital advertising spend. Walmart uses The Trade Desk as its DSP and acquired two companies — Polymorph Labs in 2019 and Thunder in 2021 — for the supply side.

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Inside Retail

AUGUST 13, 2023

But it’s important to understand that such signage is not just about entertaining customers and demonstrating products or brand partnerships, explains Entwined founder and co-owner Cameron Hanns. “In-store We have been working with our customers on how we connect the store part of their retail media into their omnichannel marketing approach.

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Indigo 9 Digital

FEBRUARY 24, 2023

That’s the commitment we have to deliver on” says Carl Loredo, Wendy’s Chief Marketing Officer. Wendy’s has shown that being the best is not just about the quality of your products but also the strength and virality of your message and it’s paying off. Instead there is a team of five people that manage Wendy’s Twitter account.

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